NEWS
Value Base’s proposals receive support of Neuberger Berman, a leading global investment manager and a top shareholder of Cognyte, which intends to vote at the Cognyte Software AGM:
Value Base, Cognyte Software's largest shareholder (9.33% stake), announces support from Neuberger Berman (7.16% stake) for its proposals at the upcoming AGM. Both major shareholders advocate for:
Voting AGAINST Chairman Earl Shanks' re-election
Voting AGAINST the CEO compensation plan
Voting FOR Tal Yaacobi's election to the board
Neuberger Berman cites concerns over Cognyte's lack of standard software industry KPIs, poor stock performance (>70% decline since 2021 listing), and inadequate board expertise. Value Base urges shareholders to support these proposals, emphasizing the need for change due to the 75% share price decline during Shanks' tenure.
Voting AGAINST Chairman Earl Shanks' re-election
Voting AGAINST the CEO compensation plan
Voting FOR Tal Yaacobi's election to the board
Neuberger Berman cites concerns over Cognyte's lack of standard software industry KPIs, poor stock performance (>70% decline since 2021 listing), and inadequate board expertise. Value Base urges shareholders to support these proposals, emphasizing the need for change due to the 75% share price decline during Shanks' tenure.
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